DGAP-Adhoc: EDAG Engineering Group AG: Changes in Management
05.09.2017 – 08:33
DGAP-Ad-hoc: EDAG Engineering Group AG / Key word(s): Change of Personnel/Miscellaneous EDAG Engineering Group AG: Changes in Management 05-Sep-2017 / 08:30 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Arbon, 5. September 2017. Changes in Group Executive Management of EDAG Engineering Group AG (EDAG), ISIN CH0303692047 due to a change in strategy. The Company will increase its competencies in the fields of electro- mobilty, software- solutions and connectivity and spur its international development. This shift in strategic focus is flanked by organizational and personal changes. For this strategic realignment, the Board of Directors recruited Mr. Cosimo de Carlo, currently serving as Group Vice President Automotive at Altran as new Chief Executive Officer. He will assume office within the next twelve month. In addition, the Board of Directors will accelerate the strategic international development and intends to expand the activities in selected 'best cost countries' to tend to changed customer demands. The current CFO Jürgen Vogt will serve as interim CEO for the time being. The Board of Directors is in a constructive dialogue with Jörg Ohlsen regarding future areas of possible cooperation. Contact EDAG Engineering Group AG Schlossgasse 2 9320 Arbon Schweiz Tel.: +41 (0)71 544 33 - 11 Fax: +41 (0)71 544 33 - 10 ir@edag-group.ag ir.edag.com Anna Sperber Hering Schuppener Consulting Tel: +49 (69) 9218 7478 Nina Rosen Head of Legal EDAG Engineering GmbH Tel.: +49 (611) 7375 370 Email: nina.rosen@edag.de -------------------------------------------------------------------------------- 05-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -------------------------------------------------------------------------------- Language: English Company: EDAG Engineering Group AG Schlossgasse 2 9320 Arbon Switzerland Phone: +41 71 54433-0 E-mail: ir@edag-group.ag Internet: www.edag.com ISIN: CH0303692047 WKN: A143NB Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of Announcement DGAP News Service -------------------------------------------------------------------------------- 606785 05-Sep-2017 CET/CEST